Goodwill and Other Intangible Assets (Tables)

6 Months Ended

Jun. 30, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of intangible assets and goodwill

Goodwill and other intangible assets, net of accumulated amortization, as of June 30, 2021 and December 31, 2020 are as follows (in millions):

	June 30, 2021		December 31, 2020
Goodwill	$	395.1	$	397.3
Other intangible assets, net	668.8		686.4
Total goodwill and other intangible assets, net	$	1,063.9	$	1,083.7

Schedule of changes in carrying amount of goodwill

The changes in the carrying amount of goodwill by reportable segment for the six months ended June 30, 2021 and 2020 are as follows (in millions):

	ORV/Snowmobiles		Motorcycles		Global Adjacent Markets		Aftermarket		Boats		Total Polaris
Goodwill	72.9		5.2		92.1		270.3		227.1		$	667.6
Accumulated goodwill impairment losses	—		—		—		(270.3)		—		(270.3)
Balance as of December 31, 2020	$	72.9	$	5.2	$	92.1	$	—	$	227.1	$	397.3
Currency translation effect on foreign goodwill balances	0.2		—		(2.4)		—		—		(2.2)
Goodwill	73.1		5.2		89.7		270.3		227.1		665.4
Accumulated goodwill impairment losses	—		—		—		(270.3)		—		(270.3)
Balance as of June 30, 2021	$	73.1	$	5.2	$	89.7	$	—	$	227.1	$	395.1

	ORV/Snowmobiles		Motorcycles		Global Adjacent Markets		Aftermarket		Boats		Total Polaris
Goodwill	72.0		5.2		85.2		270.4		227.1		$	659.9
Accumulated goodwill impairment losses	—		—		—		—		—		—
Balance as of December 31, 2019	$	72.0	$	5.2	$	85.2	$	270.4	$	227.1	$	659.9
Impairments	—		—		—		(270.3)		—		(270.3)
Currency translation effect on foreign goodwill balances	(0.3)		—		0.3		(0.1)		—		(0.1)
Goodwill	71.7		5.2		85.5		270.3		227.1		659.8
Accumulated goodwill impairment losses	—		—		—		(270.3)		—		(270.3)
Balance as of June 30, 2020	$	71.7	$	5.2	$	85.5	$	—	$	227.1	$	389.5

Schedule of components of other intangible assets

The components of other intangible assets were as follows ($ in millions):

	Weighted-average useful life (years)	June 30, 2021		December 31, 2020
Non-amortizable—indefinite lived:
Brand/trade names		$	333.9	$	334.3
Amortizable:
Non-compete agreements	4	2.6		2.6
Dealer/customer related	17	460.3		460.3
Developed technology	5	9.8		9.9
Total amortizable	16	472.7		472.8
Less: Accumulated amortization		(137.8)		(120.7)
Net amortized other intangible assets		334.9		352.1
Total other intangible assets, net		$	668.8	$	686.4